771 21ST ST SE Salem, OR $ 575,000
771 21ST ST SE
$ 575,000
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771 21ST ST SE

Salem, OR, 97301
$ 575,000
Bedrooms4 Baths4.0 Sq 2,282

Monthly Estimate*

$ 3,587

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Multi-Family Home for sale in Salem, OR

for $575,000 with 4 bedrooms and 4 full baths. This 2,282 square foot home was built in 1925 on a lot size of 0.13.

Detached 4-unit property located near downtown Salem, public transit, and local colleges. Each unit offers 1 bedroom and 1 bathroom with private entrances, individual electric meters, and separate water heaters. The property was significantly remodeled and partially rebuilt in the early 1990s, with updates continuing over the years.Recent improvements include updated water heaters, newer flooring, and a roof with an estimated 30-year life based on a 2022 inspection. Shared amenities include off-street parking for each unit, on-site coin laundry, and a fully fenced backyard courtyard. Potential to assume an FHA mortgage at a 2.75% interest rate—buyer to verify with lender. Showings available upon accepted offer.

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Multi-Family Active

Price

$ 575,000

Bedrooms

4

Full Bath

4

Property Type

Multi-Family

Taxes

$ 3,376

Style

Lot Size

0.13

Year Built

1925

Town/City

Salem

County/Region

Marion

MLS | Web ID

245194097

Features
General
Sewer PublicSewer
Heating WallHeater
Cooling None
Roof Composition
Zoning RM2
Garage Spaces 0
Security Features Sidewalk
Year Built 1925
Stories Count 2
Tax Year 2024
Parcel Number 583175
Gross Income 52130.0
Community Features Commons Laundry
County Marion
Net Operating Income 32584.0
Operating Expense 17466.0
Property Type MultiFamily
HOA N
Rent Includes TrashCollection Water
Status Active
Directions Mission St to 21st St SE
High School South Salem
City Salem
Number Of Units Total 4
MLS Area _174
Lot Size Square Feet 5662.0
Listing Terms Assumable Cash Conventional FHA VALoan
Elementary School Richmond
Tax Annual Amount 3376.13
Middle/Junior High School Leslie
Property Condition Existing
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description J MYERS ADD SALEM LOT 6 BLK 2
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Exterior
Parking Features OffStreet OnStreet
Lot Features Commons Level PublicRoad
Water Source PublicWater
Total Parking 4.0
Exterior Description WoodSiding
Building Area Total 2282.0
Lot Size Acres 0.13
Road Surface Type Concrete
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Interior
Hot Water Electricity
Unit 1 Baths Total 1
Unit 1 Beds Total 1
Unit 2 Baths Total 1
Unit 2 Beds Total 1
Unit 3 Baths Total 1
Unit 3 Beds Total 1
Unit 4 Baths Total 1
Unit 4 Beds Total 1
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3 UnitTypeType4
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Internal Only
Street Number 1 771
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* Excluded Features
List By
Exp Realty, Llc

Broker

503-577-8853

Contact

Affordability Calculator

$3,869
Per Month
93%
7%
0%
Monthly Principal & Interest
$3,587
Monthly Property Taxes
$281
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3804777 Elementary School
1950766 Middle School
South Salem High School High School
Pricing History
DatePricePrice ChangeDescription
10/27/2025$575,000 -4.17% Price Down
9/9/2025$600,000 -4.00% Price Down
8/6/2025$625,000 Listed Price

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771 21ST ST SE, Salem, OR, 97301 is a Multi-Family Home for sale at $575,000 with 2,282 sqft and a lot size of 0.13. 771 21ST ST SE has 4 bedrooms, 4.0 baths, and was built in 1925. The property's zip code is 97301 which is in Salem, OR